By all accounts, real estate sales throughout Barnstable County are on the upswing. Real estate agents across Cape Cod are reporting increased activity, and year-over-year statistics bear out their optimism. Recent sales figures released by the Barnstable County Registry of Deeds are impressive, indicating the spring market should be both active and appreciable.
Real Estate Sales and Volume, Barnstable County, Massachusetts
2011: $2.324 billion ~ 2012: $3.118 billion
The total value of Barnstable County real estate sales increased by 34.2%
Median Sale Price for Barnstable County Real Estate 2011-2012
Real estate median price increase, 3.4% from 2011 to 2012
Sales showed a 23.5% jump, from 5,650 in 2011 to 6,977 in 2012
Mortgages recorded 2011: 14,585 ~ Mortgages recorded 2012: 19,381
Mortgage volume in Barnstable County showed and increase of 32.9% 2011-2012
Foreclosure deeds are down 19.7%, year-over-year from 2011 to 2012 in Barnstable County
With a considerable reduction in foreclosures, Cape Cod is showing true strength in the local real estate market. Volume is up and, while sales prices are appreciating, Cape Cod offers great value to first time home buyers and investors. Now is a great time to buy; call your Steele Associates sales agent now to further educate yourself on this rising market.